TOYOTA : Notice Concerning Revision of Financial Forecast for FY2016
October 30, 2015 at 09:48 am IST
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October30, 2015
Notice Concerning Revision of Financial Forecast for FY2016
Toyota Industries Corporation announces revision of consolidated financial forecast for FY2016 (announced on July 31, 2015), and difference between non-consolidated financial forecast for FY2016 and actual results of FY2015 as indicated below.
Revision of consolidated financial forecast for FY2016
(Amount: million yen)
Net sales
Operating
profit
Ordinary
profit
Profit
attributable
to owners of
the parent
Earnings
per share
(yen)
Previous forecast (A)
2,200,000
125,000
184,000
126,000
401.06
Revised forecast (B)
2,230,000
130,000
187,000
187,000
595.22
Difference (B-A)
30,000
5,000
3,000
61,000
-
% of change
1.4%
4.0%
1.6%
48.4%
-
(Reference)
Actual results of FY2015
2,166,661
117,574
170,827
115,263
367.06
Difference between non-consolidated financial forecast for FY2016 and actual results of FY2015
(Amount: million yen)
Net sales
Operating
profit
Ordinary
profit
Profit
Earnings
per share
(yen)
Actual results of FY2015 (A)
1,182,261
49,186
98,728
77,440
246.61
Forecast for FY2016 (B)
1,185,000
42,000
100,000
143,000
455.17
Amount changed (B-A)
2,739
(7,186)
1,272
65,560
-
% of change
0.2%
(14.6%)
1.3%
84.7%
-
Reason for revision of financial forecast
At the Board of Directors meeting held on October 30, 2015, Toyota Industries resolved to sell shares of Asahi Security Co., Ltd. and Wanbishi Archives, Co., Ltd. which are consolidated subsidiaries, on December, 2015(plan) to enhance concentration and selection of business.
In addition, due to results of the first half of FY2016, financial forecast for FY2016 has been revised as above.
*
All projections are based on the information available to management at the time of making this report and are not guarantees of future performance. Uncertainties could cause the actual results of Toyota Industries to differ materially from any projections discussed in this report.
TOYOTA INDUSTRIES CORPORATION is primarily engaged in the manufacture and sale of automobiles, industrial vehicles and textile machinery. The Company operates in three business segments. The Automobile segment manufactures and sells automobiles, engines, compressors for automotive air-conditioners, and electronic equipment, among others. The Industrial Vehicle segment provides forklift trucks, warehouse equipment, automatic warehouse, vehicles for high-place work, logistics solution and sales finance business. The Textile Machinery segment offers weaving machines and spinning machines, as well as yarn quality measurement equipment and cotton grading equipment.